I get this question a lot, and it really depends. Everyone’s individual situation is different, and therefore I can only give so much in terms of guidelines. However, this is what I would personally recommend depending on your account size:

Small-sized accounts (Less than $10,000)

3-7%

This is where most of you are at; of course, you just started your journey, so it’s only right.

Medium-sized accounts ($10,000 < $50,000)

• 2-5%

Now we’re getting somewhere. In this range, there’s potential to start making some decent money. You’re now likely funded on a smaller account and trying to finally get that first payout. When you do, don’t get complacent and think you’re invincible, the markets will quickly humble you.

Now you can look to risk less in terms of %, because your monetary gains will be bigger anyway.

Large-sized accounts ($100,000 < $300,000)

• 1-2%

This is where you want to be. 1-2% will get you more than enough to sustain your lifestyle. Think 4-6% per month at this point in your career, it’s going to be pretty life changing, but we’re not done yet.

Full-time trader ($300,000+)